Chongqing Changan Automobile Co., Ltd (Changan Automobile) intends to transfer 50% equity stake in the Sino-French joint venture Changan PSA (CAPSA), according to a file posted on the website of Chongqing Assets and Equity Exchange (CQUAE).
Nov. 1 , 2019
Hongqi, the state-owned FAW Group’s premium auto brand, chose to announce its all-time high sales performance on the last day of October.
Nov. 1 , 2019
As of September, Chongqing Changan Automobile Co., Ltd (Changan Automobile) had posted net loss for the fifth quarter in a row, while the situation became somewhat better.
Oct. 31 , 2019
Chinese automaker GAC Group gained RMB43.031 billion in gross revenue for the first nine months of 2019, versus RMB53.508 billion for the year-ago period, the company said on October 29.
Oct. 31 , 2019
National Bureau of Statistics (NBS) announced Jan.-Sept. profits fell 16.6% year on year to RMB373.46 billion ($52.86 billion), with the decline shrinking 2.4 percentage points compared with the first eight months.
Oct. 30 , 2019
Chinese automaker BYD reported on October 29 an 88.58% year-on-year plunge in the third-quarter (Q3) net profit in the wake of a three-consecutive-month decrease in monthly sales volume taking place during the same period.
Oct. 30 , 2019